emfizz.com
emfizz.com July 24, 2017


Emirates signs extensive partnership agreement with flydubai

17 July 2017, 04:42 | Terri Saunders

Emirates, Flydubai Announce Closer Ties, But It's Not a Merger

UAE's Emirates, budget carrier flydubai expand cooperation

Dubai-based giant Emirates Airline and local low-priced carrier (LCC) flydubai have announced an "extensive partnership agreement", including network and schedule coordination, although they will continue to be managed independently.

Marian Pistik, CEO at Aerotask, a global aviation consultancy firm, said it made sense for the airlines to work more closely together given the pressures they face and increasing duplication in their business.

In the fiscal year 2016/2017 which ended on March 31, Emirate posted an annual profit of 340 million US dollars, down 82.38 percent from 1.93 billion dollars last year "due to stronger dollar", said the carrier.

They are expected to reach 240 destinations and 380 aircraft by 2022, according to the announcement.

The new partnership will include joint network planning, coordinated schedules and the frequent flyer programmes will be aligned though both airlines will remain independently managed, the joint statement said.

"The new model will give flydubai customers seamless connectivity to Emirates' worldwide destinations spanning six continents. For Emirates' customers, it opens up flydubai's robust regional network", Emirates said, announcing the agreement on Jul. 17.

Israel says to reopen Al Aqsa Mosque on Sunday
In an unusual move, Israeli security forces closed the site after the exchange of gunfire at the Haram Al-Sharif. With the shrine off limits, the faithful lined up near Damascus Gate and other entrances to the Old City.


China's economy grows 6.9 per cent in second quarter, beating market expectations
The National Statistics Bureau also showed coke output fell 1.4 percent in June from a year ago to 38.16 million tonnes. The main Asian stock indexes fell on the data, before recovering to close the day at new highs.


Australian Woman Gunned Down By US Police
Friends and relatives tell the Star Tribune (http://strib.mn/2tZtSB2) the woman was 40 years old and worked as a spiritual healer. Damond's personal website says she trained as a veterinarian and practised yoga and meditation for 17 years.


An Emirates spokesperson declined to comment on whether plans would be hatched to construct an internal link between flydubai's hub Terminal 2 and Emirates' Terminal 3.

"Over the past years FlyDubai has gradually encroached on Emirates' market, both in terms of serving overlapping routes and upgrading its product by moving away from the strict low cost model", Pistik said.

"This partnership isn't about savings, it's about extracting commercial value by leveraging the strengths of both companies to accelerate growth", representatives from the airlines said.

The partnership will be rolled out over the coming months, with the first enhanced codesharing arrangements to start in the last quarter of this year. Together, the two carriers fly to 216 unique destinations, although this will increase under the partnership.

Emirates now operates 259 aircraft to 157 destinations, while Flydubai has a fleet of 58 Boeing 737 NG aircraft flying to 95 destinations.

Teams from Emirates and flydubai are now working on several initiatives spanning commercial, network planning, airport operations, customer journey, and frequent flyer programmes alignment.



Other News

Trending Now

Ashley Madison parent settles website users' data breach lawsuit
Meaning that even if a person's name did appear in the data dump, they might not have been an Ashley Madison member, apparently. It may also be the case that previous users entitled to compensation simply want to lay the issue to rest and will not claim.

China Maintains Steady Growth In Q2
Economists in Reuters' poll forecast second quarter GDP to grow 1.7 percent from a quarter ago. The U.S. dollar index ( DXY ) continued to trade near 11-month lows at the start of the week.

Atari Reveals Details About Their New Ataribox Console
The Mini NES succeeded, in part, due to its simplicity and cheap price, both of which would be hard in a more capable console. In terms of connectivity, the Ataribox will come with four USB slots, an HDMI connector and support for expansion via SD card.

Jefferies Group LLC Reiterates Buy Rating for Brookdale Senior Living Inc. (BKD)
The company was upgraded on Monday, December 19 by Morgan Stanley. (NYSE:MHK) on Friday, January 6 with "Overweight" rating. Out of 4 Wall Street analysts rating Brookdale Senior Living, 1 give it "Buy", 1 "Sell" rating, while 2 recommend "Hold".

Gujarat: Heavy rain causes flood-like situation, 1 dead
South Gujarat region also received heavy rainfall. "A total of 11 NDRF teams have been kept on standby in affected districts". Hundreds of people in these three districts were shifted to safer places from low-lying areas near rivers and dams.

Rating Roundup: Himax Technologies (HIMX)
See Himax Technologies , Inc. (ADR) (NASDAQ:HIMX) has "Buy" rating given on Monday, August 10 by Chardan Capital Markets. Finally, Bank of Montreal Can increased its position in shares of Himax Technologies by 339.2% in the first quarter.

STAR WARS: THE LAST JEDI Gets A Full Set Of Character Posters
IRELAND'S Wild Atlantic Way looks out of this world in a new Star Wars: The Last Jedi trailer that was released online yesterday. Hamill, best known as Luke Skywalker in the " Star Wars " franchise, said he still thinks of Carrie Fisher like she is alive.

Achieve the Ultimate Data Protection for Your Trusted Digital Experience
Payment systems pricing based on the business metric of payments volume a bank processes, not the available capacity. Application development and test environments will be tripled so capacity can be raised without a license increase.

AR Rehman's Stellar Performance At IIFA Rocks
Talking to ANI, the Oscar-winning composer said he tries to give his best in a performance. "Rahman's performance was every bit worth it".

Presidential election 2017: Gopal Krishna Gandhi to file nomination on July 18
Rajasthan Congress chief Sachin Pilot said, "The Opposition candidates stand for the idea of India, equality, secularism, tolerance".